Lease Data Summary

State:
Multi-State
Control #:
US-OG-455
Format:
Word; 
Rich Text
Instant download

Description

The Lease Data Summary, this form provides a summary of material on lease date on dealings with oil, gas or minerals.

How to fill out Lease Data Summary?

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FAQ

Names of all tenants. Limits on occupancy. Term of the tenancy. Rent. Deposits and fees. Repairs and maintenance. Entry to rental property. Restrictions on tenant illegal activity.

Collect each party's information. Include specifics about your property. Consider all of the property's utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.

Inspect the Property and Record Any Current Damages. Know What's Included in the Rent. Can You Make Adjustments and Customizations? Clearly Understand the Terms Within the Agreement and Anticipate Problems. Communicate with Your Landlord About Your Expectations.

The names and contact information for the landlord and tenant. The address of the rental property and unit number, if applicable. A reference to (or copy of) the original lease. The renewal terms or any changes to the terms of the original lease.

The lease becomes legally binding when all parties have signed: the landlord and all tenants living in the unit who are 18 and older. If you're worried about situations where a lease needs to end early, learn about breaking a lease and grounds for eviction.

The Lease Must be in Writing It does not matter if the lease is handwritten or typed.

The Lease Must be in Writing It does not matter if the lease is handwritten or typed. If the lease is for more than one year, it must be in written form and contain the following terms.

Date. Tenant name. Rent amount due. Rent due date. Rental period. Property address. Landlord name. Paid by.

A written agreement can act as a roadmap for the landlord-tenant relationship, especially if a dispute arises. Also, real estate (land) leases for more than one year must be in writing. If a lease for over one year is not in writing, it will generally not be enforceable in court.

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Lease Data Summary